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Segment Reporting and Information about Geographic Areas

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Segment Reporting and Information about Geographic Areas

Note 18 – Segment Reporting and Information about Geographic Areas

We have two operating and reportable segments: (i) automotive and (ii) energy generation and storage. The automotive segment includes the design, development, manufacturing, sales, and leasing of electric vehicles as well as sales of automotive regulatory credits. Additionally, the automotive segment is also comprised of services and other, which includes non-warranty after-sales vehicle services, sales of used vehicles, sales of electric vehicle components and systems to other manufacturers, retail merchandise, and sales by our acquired subsidiaries to third party customers. The energy generation and storage segment includes the design, manufacture, installation, sales, and leasing of solar energy generation and energy storage products. Our CODM does not evaluate operating segments using asset or liability information. The following table presents revenues and gross margins by reportable segment (in thousands):

		Three Months Ended June 30,								Six Months Ended June 30,
		2019				2018				2019				2018
Automotive segment
Revenues		$	5,981,468			$	3,627,823			$	10,198,271			$	6,626,552
Gross profit		$	878,361			$	574,795			$	1,436,330			$	996,662
Energy generation and storage segment
Revenues		$	368,208			$	374,408			$	692,869			$	784,430
Gross profit		$	42,685			$	44,135			$	50,459			$	78,794

The following table presents revenues by geographic area based on the sales location of our products (in thousands):

		Three Months Ended June 30,								Six Months Ended June 30,
		2019				2018				2019				2018
United States		$	3,480,000			$	2,246,637			$	5,809,569			$	4,115,828
China			689,735				527,230				1,469,148				1,035,933
Norway			380,373				224,421				796,433				386,741
Netherlands			248,102				206,550				361,453				353,076
Other			1,551,466				797,393				2,454,537				1,519,404
Total		$	6,349,676			$	4,002,231			$	10,891,140			$	7,410,982

The revenues in certain geographic areas were impacted by the price adjustments we made to our vehicle offerings during the six months ended June 30, 2019. Refer to Note 2, Summary of Significant Accounting Policies, for details.

The following table presents long-lived assets by geographic area (in thousands):

		June 30,				December 31,
		2019				2018
United States		$	15,620,488			$	16,741,409
International			662,674				860,064
Total		$	16,283,162			$	17,601,473

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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